Asia Welders & Seam Annealers Market Research Report Forecast to 2027
Market Overview
The growth of the Asia welder & seam annealers market is expected to be driven by key factors such as a growing trend towards joining dissimilar and non-metallic materials, rising application of pipes in various industries, emerging new technological trends in the welding industry, heavy investment in R&D by major players, and increasing favorable government initiatives. However, improved educational opportunities & knowledge sharing, and adoption of lean manufacturing and automation in welding operation pose lucrative opportunities for the Asia welder & seam annealers market.
The Asia welders & seam annealers market is projected to record a 5.5% CAGR during the forecast period, 2021–2027. In 2020, the welders & seam annealers market was dominated by China, Japan, India, and the rest of Asia, with shares of 27.3%, 21.3%, 15.9%, and 11.8%, respectively.
Market Segmentation
The Asia welders & seam annealers market has been segmented based on product, application, and country. Based on product, the Asia welders & seam annealers market has been segmented into welders and seam annealers. The seam annealers segment is expected to grow at 6.6% during the forecast period. In 2020, the welders segment held a share of 57.5% of the Asia welders & seam annealers market.
Based on application, the Asia welders & seam annealers market has been segmented into oil & gas, marine application, aeronautical industry, and others (petrochemical, construction & others). The oil & gas segment is expected to grow at a rate of 4.6% during the forecast period. In 2020, the oil & gas segment held a 29.1% share of the Asia welders & seam annealers market.
Major Players
Furthermore, Asia is projected to be a rapidly developing business sector for welders & seam annealers due to rapid industrialization in the region's developing countries. In addition, a rapid rise in construction activities and ascend in the investment of oil & gas, petrochemical, and other pipeline projects such as the Natural Gas Transmission Pipeline Project (Thailand), Koyali-Ahmednagar-Solapur Pipeline Project (India), Chittagong–Dhaka Project (Bangladesh), Sabah-Sarawak Gas Pipeline Project (Malaysia), Dumai-Medan Gas Pipeline Project (Indonesia), Guizhou Gas Pipeline Network (China), and among others across the region are driving the market for welders & seam annealers in Asia.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
Natural Gas Transmission Pipeline Project (Thailand)
Koyali-Ahmednagar-Solapur Pipeline Project (India)
Chittagong–Dhaka Project (Bangladesh)
Sabah-Sarawak Gas Pipeline Project (Malaysia)
Dumai-Medan Gas Pipeline Project (Indonesia)
Guizhou Gas Pipeline Network (China)
and among others across the region are driving the market for welders & seam annealers in Asia.
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